منابع مشابه
Lottery Rather than Waiting-line Auction
This paper studies the allocative efficiency of two non-price allocation mechanisms — the lottery (random allocation) and the waiting-line auction (queue system) — for the cases where individuals possess identical time costs (the homogeneous case), and where time costs are correlated with valuations (the heterogeneous case). The relative efficiency of the two mechanisms is shown to depend criti...
متن کاملDeprenyl Can Mediate Neuronal Protection Rather than Neuronal Rescue
Background and Objective: Deprenyl is a drug for the treatment of Parkinson’s disease, where the dopaminergic neurons are the target of this drug. Several reports also documented that deprenyl has an effect on the sensory and motor neurons. There are some reports about the mode of action of deprenyl on m...
متن کاملLottery versus All - Pay Auction Contests A Revenue Dominance
We allow a contest organizer to bias a contest in a discriminatory way, that is, she can favor specifi c contestants through the choice of contest success functions in order to maximize total equilibrium eff ort (resp. revenue). The scope for revenue enhancement through biasing is analyzed and compared for the two predominant contest regimes; i.e. all-pay auctions and lottery contests. Our main...
متن کاملLottery versus all-pay auction contests: A revenue dominance theorem
We allow a contest organizer to bias a contest in a discriminatory way, that is, she can favor specifi c contestants through the choice of contest success functions in order to maximize total equilibrium eff ort (resp. revenue). The scope for revenue enhancement through biasing is analyzed and compared for the two predominant contest regimes; i.e. all-pay auctions and lottery contests. Our main...
متن کاملLottery versus all - pay auction models of lobbying ∗
I first provide a complete characterization of the unique equilibrium of the lottery game by n lobbyists with asymmetric valuations, and then compare the lottery and the all-pay auction models of lobbying. I show that the exclusion principle discovered by Baye, Kovenock and de Vries (1993) for all-pay auction does not apply to lottery. I also show that the perverse effect that an exogenous cap ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Social Choice and Welfare
سال: 2006
ISSN: 0176-1714,1432-217X
DOI: 10.1007/s00355-006-0134-y